According to data from the China Association of Automobile Manufacturers, in January 2022, the automobile production and sales situation was generally stable, declining month-on-month, maintaining a slight growth year-on-year, of which the performance of new energy vehicles is still outstanding, and the year-on-year growth momentum continues to be maintained.
In January 2022, production and sales totaled 2.422 million units, down 16.7% and 9.2% sequentially, and 0.9% y/y, respectively.
In January 2022, production and sales of passenger cars totaled 2.077 million units and 2.186 million units, down 17.8% and 9.7% sequentially and 8.8% and 6.7% year-on-year.
In January 2022, production and sales of commercial vehicles totaled 345,000 units, down 9.3% and 5.5% sequentially and 28.0% and 25.1% y/y, respectively.
In January 2022, the production and sales of new energy vehicles decreased month-on-month, and continued to maintain rapid growth year-on-year, completing 452,000 units and 431,000 units, respectively, down 12.6% and 18.6% month-on-month, and 1.3 times and 1.4 times year-on-year.